Hope you all are enjoying the money rain from stock markets. It is now time for me to discuss about a new jackpot stock for which I have not done any discussions on MMB or Facebook yet. Last week, I went through the charts for a new stock pick “Pix Transmissions” from rubber sector and found it pretty impressive. I am adding it to my portfolio for medium to long term with expectations of 100 to 120 levels in this stock. Please check out further details about this company, its background and the stock price being discussed below.
BSE Id for Pix Transmissions – 500333
NSE Id for Pix Transmissions – Not Listed
Current Pix Transmissions Share Price (as on 18th January’15) – INR 72.10
Arvind Bajaj’s Views About Pix Transmissions Stock in his Portfolio
Pix Transmissions seems a good stock coming from the rubber sector. With its CMP being around 72-73, I have added it in my portfolio for great returns on a medium to long term basis. Additionally, this stock will help me diversify my portfolio with exposure to the rubber company stocks.
My Personal Bullish Expected Levels for Pix Transmissions in my portfolio – Rs.100 to 120 and more for long-term
Background for Pix Transmissions Ltd. company
This is a leading manufacturer for belts as well as related mechanical transmission products in India. It is known for its state-of-the-art units manufacturing belts. Also, it has a fully automated rubber mixing facility in Nagpur. It has good local and global presence in the power transmission industry sector. So much is its global reach that it has ongoing overseas subsidiary operations in parts of Europe & Middle East. If this was not enough, it has more than 250 committed channel partners in around 50 different countries of the world.
You can access further information about Pix Transmissions company at: Pix Transmissions Official Website
NOTE: The above information is purely my own personal take / view on Pix Transmissions based after my analysis. I am not at all a certified Stock Analyst or Stock Broker or Research Analyst. All my readers of this blog are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.